Analyst Predicts Upward Squeeze for Cosmos and One Additional Altcoin, Updates Outlook on One Crypto Asset

Bitcoin Fees Climb 150% in 3 Days as Block Space Grows More Expensive

A widely followed crypto strategist thinks that the interoperable blockchain ecosystem Cosmos (ATOM) is primed for a move up.

Pseudonymous analyst Kaleo tells his 606,800 followers on the social media platform X that he’s bullish on ATOM as he believes that the altcoin is “due for a squeeze.”

“I’m long.” 

Source: Kaleo/X

Looking at the trader’s chart, it appears to suggest that ATOM has taken out a multi-month diagonal resistance with the next area of resistance at $16. At time of writing, ATOM is worth $9.69.

Another coin on the trader’s radar is Worldcoin (WLD), a crypto project founded by OpenAI creator Sam Altman. According to the analyst, WLD is threatening to launch a breakout rally after moving above resistance at $2.55.

“Picked up a bag of WLD.

Nice little pennant breaking above July highs, the market is bullish = send it higher.” 

Source: Kaleo/X

At time of writing, WLD is worth $2.62.

The analyst is also updating his outlook on the move-to-earn project STEPN (GMT). According to the crypto strategist, GMT is now above the resistance of an ascending channel and looks primed for a rally toward $0.65 first with the next target at $1.

“GMT is still up >10% the past couple of days since entry even after the retrace. I’m holding and trusting the plan.” 

Source: Kaleo/X

At time of writing, GMT is trading for $0.30.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Analyst Predicts Upward Squeeze for Cosmos and One Additional Altcoin, Updates Outlook on One Crypto Asset appeared first on The Daily Hodl.

Steve Beckford

Steve Beckford

Share:

Share on telegram
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Related Posts

bitcoin
Bitcoin (BTC) $ 51,765.87
ethereum
Ethereum (ETH) $ 3,114.23
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 388.66
solana
Solana (SOL) $ 103.47
staked-ether
Lido Staked Ether (STETH) $ 3,110.76
xrp
XRP (XRP) $ 0.542753
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.592114
avalanche-2
Avalanche (AVAX) $ 37.45
dogecoin
Dogecoin (DOGE) $ 0.086130
tron
TRON (TRX) $ 0.137624
chainlink
Chainlink (LINK) $ 18.72
polkadot
Polkadot (DOT) $ 7.93
matic-network
Polygon (MATIC) $ 0.997804
uniswap
Uniswap (UNI) $ 11.07
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 51,857.89
the-open-network
Toncoin (TON) $ 2.08
internet-computer
Internet Computer (ICP) $ 12.47
shiba-inu
Shiba Inu (SHIB) $ 0.000010
bitcoin-cash
Bitcoin Cash (BCH) $ 267.89
litecoin
Litecoin (LTC) $ 70.11
dai
Dai (DAI) $ 1.00
immutable-x
Immutable (IMX) $ 3.20
filecoin
Filecoin (FIL) $ 8.13
cosmos
Cosmos Hub (ATOM) $ 10.38
leo-token
LEO Token (LEO) $ 4.25
kaspa
Kaspa (KAS) $ 0.170876
ethereum-classic
Ethereum Classic (ETC) $ 27.21
near
NEAR Protocol (NEAR) $ 3.71
blockstack
Stacks (STX) $ 2.60
optimism
Optimism (OP) $ 3.86
hedera-hashgraph
Hedera (HBAR) $ 0.109492
bittensor
Bittensor (TAO) $ 566.10
aptos
Aptos (APT) $ 9.64
stellar
Stellar (XLM) $ 0.116513
first-digital-usd
First Digital USD (FDUSD) $ 1.00
vechain
VeChain (VET) $ 0.045001
injective-protocol
Injective (INJ) $ 35.75
lido-dao
Lido DAO (LDO) $ 3.40
okb
OKB (OKB) $ 50.29
mantle
Mantle (MNT) $ 0.891077
celestia
Celestia (TIA) $ 16.81
the-graph
The Graph (GRT) $ 0.289500
render-token
Render (RNDR) $ 7.21
crypto-com-chain
Cronos (CRO) $ 0.094491
arbitrum
Arbitrum (ARB) $ 1.90
monero
Monero (XMR) $ 129.34
sei-network
Sei (SEI) $ 0.826562
sui
Sui (SUI) $ 1.65